--000000000000e6096c05f3866d93 Content-Type: text/plain; charset="UTF-8" I should only need a week and a half, maybe two weeks max. I'll begin the process tomorrow first thing and keep you posted. To confirm I'm understanding the situation Angie, did you already speak with Tad, or is this still prep to speak with him? I was monitoring my email/phone today but didn't see an alert to jump on a call, so hopefully you were able to find common ground without a lot of discussion? Regards, Ethan Stein, CFA Treasurer TheKey.com [image: TheKey] On Mon, Jan 30, 2023 at 6:17 PM Angie Markwell wrote: > Ethan we will hold as long as we can and also need to know reasonably when > would you anticipate your part can be completed? If we do an agreement with > them we need to put an end date. > > On Mon, Jan 30, 2023 at 10:29 AM Timothy Thomas wrote: > >> Hi Ethan, >> >> The math on your example equates to: >> >> 10k in salaries per week to disrupt 110k in weekly billing while losing >> immediate access to approximately 525k in cash. All figures in USD. >> >> Alternatively to delaying the RIF's we're proposing that we move these >> employees to a consulting agreement thereafter. My only hesitation here is >> that they could say no, so we're seeing if i can be a stipulation to their >> severance agreements. >> >> >> On Fri, Jan 27, 2023 at 6:29 PM Ethan Stein >> wrote: >> >>> Ok, --and sorry it's taken me so long to respond on this today-- I >>> propose we request an additional eight business days due to the bank access >>> issue. It takes a ridiculous amount of time to add/change users with the >>> smaller banks, especially when there is an international component to the >>> change. Could we get this done in a week, maybe. 8 days would ensure it. >>> We may be pushed to make it happen in a week anyway. >>> >>> Also, and I think we're already all on the same page here, we should >>> push to pull the trigger for all employees at the same time as one package >>> event to help with the morale/confidence issue with these kinds of events. @Timothy >>> Thomas , if you happen to have the data, I'd calculate >>> the total daily and weekly compensation (Salary / 2080 x 8 x 1.15% for a >>> day, and Salary / 2080 x 40 x 1.15% for a week, then multiply both of >>> those x 0.75 to convert to USD) to put the cost into perspective for Tad >>> and make it relatable. I.e. if the total personnel being delayed a week >>> cost us $15,000 USD --made up number--, and your at risk of disrupting >>> $20,000USD of billing --made up number-- (or losing access to $2.87M of USD >>> in cash in Canadian banks -- real $) it doesn't seem so painful to wait. >>> >>> @Angie Markwell I'll make myself available >>> whenever on Monday. >>> >>> Regards, >>> Ethan Stein, CFA >>> Treasurer >>> TheKey.com >>> [image: TheKey] >>> >>> >>> On Fri, Jan 27, 2023 at 11:29 AM Timothy Thomas wrote: >>> >>>> My understanding is that those individuals listed are the only ones >>>> with access to the company bank ac